National Pension Service Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

National Pension Service reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.

The firm owned 46,024,368 shares of the computer hardware maker’s stock after selling 1,196,340 shares during the quarter. NVIDIA accounts for approximately 5.9% of National Pension Service’s holdings, making the stock its 2nd biggest position.



National Pension Service owned about 0.19% of NVIDIA worth $6,180,612,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA.

Capital Performance Advisors LLP raised its position in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after acquiring an additional 9,944 shares during the period.

Palisade Asset Management LLC raised its holdings in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares during the period.

SMART Wealth LLC lifted its position in NVIDIA by 289.5% during the fourth quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker’s stock valued at $9,711,000 after purchasing an additional 53,747 shares in the last quarter.

Blue Square Asset Management LLC grew its holdings in NVIDIA by 26.7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker’s stock valued at $5,840,000 after purchasing an additional 10,136 shares during the period.

Finally, Wealthspire Advisors LLC increased its position in NVIDIA by 29.6% in the fourth quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker’s stock worth $23,487,000 after buying an additional 39,944 shares in the last quarter.

Hedge funds and other institutional investors own 65.27% of the company’s stock. Insider ActivityIn related news, insider Donald F.

Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.

80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.

40. This trade represents a 0.93 % decrease in their ownership of the stock.

The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th.

The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76.

Following the sale, the director now directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. The trade was a 17.

52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,609 shares of company stock worth $22,642,615.

Corporate insiders own 4.23% of the company’s stock. NVIDIA Stock Up 1.

6 %Shares of NASDAQ NVDA opened at $110.15 on Wednesday. NVIDIA Co.

has a 52-week low of $75.61 and a 52-week high of $195.95.

The firm has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, a PEG ratio of 1.

76 and a beta of 1.77. The stock has a 50 day moving average price of $123.

81 and a 200 day moving average price of $131.47. The company has a debt-to-equity ratio of 0.

13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.

84 by $0.05. The business had revenue of $39.

33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.

83% and a net margin of 55.69%. Sell-side analysts expect that NVIDIA Co.

will post 2.77 earnings per share for the current year. NVIDIA Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd.

Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th.

This represents a $0.04 annualized dividend and a dividend yield of 0.04%.

NVIDIA’s payout ratio is presently 1.36%. Wall Street Analysts Forecast GrowthA number of research firms have recently weighed in on NVDA.

Barclays lifted their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th.

HSBC dropped their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th.

Truist Financial raised their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock.

According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $171.51.Read Our Latest Report on NVDANVIDIA Company Profile (Free Report)NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally.

The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.Featured ArticlesFive stocks we like better than NVIDIAHow to Use High Beta Stocks to Maximize Your Investing ProfitsD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyWhat Are Treasury Bonds?Amazon Falls Back to a Key Support Line: Here’s How to Play ItConsumer Staples Stocks, ExplainedBuffett Trims Equities, But Still Keeps Buying This Stock Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co.

(NASDAQ:NVDA – Free Report)..